HOUSTON (Reuters) – A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday.
About 9,000 barrels of gasoline spilled into the channel near Bayport, Texas, when a 755-foot (230-meter) tanker collided over the weekend with a Kirby Inland Marine tugboat towing two barges containing the fuel.
West Texas Intermediate crude at the Magellan East Houston (MEH) terminal on the ship channel traded at an $8.10 a barrel premium to U.S. crude futures, up from a $7.75 premium on Friday, traders said.
“The ship channel situation has definitely influenced” prices for MEH, a broker said. “Vessels are queued up right now, but it